BiT Global withdraws the lawsuit against the competing platform, the wBTC delisting dispute is settled.

MinerOldCannon · 2025-06-08T03:27:34+00:00

The lawyer of BiT Global has withdrawn the lawsuit against a certain trading platform, which involved the delisting of the wrapped Bitcoin token wBTC just two months after the launch of the competing token cbBTC. According to the protocol, both companies will pay their own legal fees. BiT Global is a company supported by the founder of a certain company and was a "strategic partner" with BitGo, providing the wrapped Bitcoin token wBTC. The dismissal of the lawsuit means that the lawsuit will not be brought again.

MinerOldCannon

2025-06-08 03:27:34

BiT Global’s lawyers dismissed a lawsuit against an exchange that delisted the wrapped Bitcoin token wBTC just two months after it launched its competing token, cbBTC. Under the agreement, the two companies will pay their respective attorneys’ fees. BiT Global is a company backed by the founder of a company that has become a “strategic partner” with BitGo to provide wBTC-wrapped Bitcoin tokens. The lawsuit is dismissed, meaning that the lawsuit will not be filed again.

WBTC-0,45%

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